HomeMy WebLinkAbout1950
I
II
Ii
I
I
il
II
:1
I
I
(J ~,
:b',K
"59 1.\u5.17
1 'U d t u""ld '- T U['f r- "II".Y tl,A
o nAVe 'an 0 nv ,III' samp, 'O!Jp"I1~i i~iih t1a'eo lMIt'.1I\' I'S: .,~".dilClnpnls /111,1 "pputl...
---- ------. -~ .~. -.. - ~
nallCI'S ,1,pre'o LI'/o;'(liIlU, 011I1 "\p r{'nls. issups and pro/ils ,laprpof, un'o ,III' .clOr'Hagl'p. in /.... simp/I',
Itnd ,III.' motlgagor cOl'l.'nanls wi,la ,he mor/9ao('e /110' ,he mor/gauor is indefl'asibly 5ei:pd of said
//I/HI ill fl'l' simpll'; /110/ ,he mor/gagor hm good rigla/ and law/ul au/hori/y '0 COIll'py said IOlld os of or I' ,
said; rllCl' ,III' mor'gouor will make mch /ur/hl'T aHurancps /0 perfec' ,he fl'p simpll' iii/I' '0 sClid lanel in ,hI'
mur'Hagpp OJ ma~ i'eC\SorlCll)ly be requirpd; ,ha' "II) mor/gClgor herphy fully WarTOnlJ ,hI' IiIlp '0 mid land
alld will clpfl'nd ,hI' SCIme agaim' ,he lawful c10imJ 0/ all perJom whom50pl'er; and ,ho' said lanel is frpl'
011I1 c!par of all pncuml"ancPJ '
\
I
1
II
II
I:
110.000.00
Fort Pierce, Florida
, PROVIDED ALWAYS, that if said mortgagor shall pay unto said
mortgagee the oertain promissory note substantially identified,
+...._1Ilii:t
Karoh 20 , 19~
(
For value received, the undersigned jointly and severally
promise to pay to the order of GENERAL DEVELOPMENT CORPORATION,
a Delaware corporation, the principal Bum of Ten Thoueand
and 00 00- - - -. - Dollars (J 10,000.06 ),
Wl, interest ereon rom a e, paya e monthly at the rate of
six per cent (6%)'per annum; the interest and principal of this
note payable in instalments as follows:
Beginning on the day of h1 '-. , 1963 the
sum of - Dollars,
(3 71 65 an e same amoun on t e same ay 0 -each month
thereatter until the let day of April' 19 83
when the balance of the principal is due and payable.
The aforesaid monthly payments are to be applied first to
interest at the rate aforesaid due monthly upon the principal
sum or so much thereof as shall from time to time remain unpaid,
and the balance of each monthly payment shall be applied on
account of principal.
All instalffients of interest and principal are payable At the
office of the payee in the City of Miami, Florida, or at such
other place as the holder hereof may designate in writing, in
lawful ~oney of tne United States of America. If any of said in-
stalments of interest and principal shall not be paid when due
then tile entire principal sum and acc~ued interest shall become
due and payable at once, at the option of the legal holder of
this note.
E3ch maker and endorser waives the right of exemption under
the Constitution Jnd laws of Florida, and each I~aker ~nd endorser
wai ves demand, pr:)-::;:: t ~md notice of ma turi t.Y, non-payment or
~rotest and all requirements necessary to hoid each of them liable
as ~akers and endorsers.
It is further agreed that uach maker qnd endorser, joint and
severally, shall pay all costs, including 8 reasonable attorney's
fee, on failure to pay tte principal of tnis note or any interest
thereon at m~turity. This note ~nd ~11 sums due thereunder shall
bear interest at the rate of ten (10) per cent vcr annum fro~ due
d8te until p:lid.
It is further agr~ed th2.t each maker And endorser jointly 8nd
severally hereby consent to any exte~sions or renewals or mod-
ifications of this note or any pnrt th0reof without notice, 3nd
each m~ker and endorser agr0GS that he will remJin liable as such
during Any extension or ren0w31 or modific3Gion hereof until the
debt represented h0ruby is fully paid.
'frivilegc is given ~o frepay in full after one yeJr from Jete
of mortgqgc upon pnymcnt of 1% pen81ty based on the original
amount of tho mortgngc.
This note is secured by mortgage upon real property in St.
Lucie County, Florida, 3nd this note is to be construed 3ccording
to the 18w8 of Florid3.
i)
j
/-/ Charles H. Adams
Charles H. Adame
/_/ lilc111. C. Ada~B
.
Luoille C. AdamI
to theor1ginal not4
,._~-, "-. - ... ' ......
( S e :11 )
\
(S0'11)
State doo~m.nt8ry etampe affixed
_____._lL___,___.,___~____._,_, ',__. .,_" ,
.~